Journal of Political Sciences & Public Affairs
Open Access

Konstantinos Chainas

Publications

• Research Article
  The Greek Public Debt and a Proposal for its Regulation
  Author(s): Konstantinos ChainasKonstantinos Chainas
  
  Greece was essentially bankrupt in 2010, hit by the financial crisis that swept the Eurozone, because it was one of the weakest links, with serious structural problems, a huge budget deficit and a massive public debt. The bankruptcy was avoided only to evolve into a total disaster for the country, because of the practical solidarity of its partners and the largest funding in the history of the program from the European support mechanism and the IMF. This has had a significant impact on GDP and living standards. However because of the participation of the country in the Eurozone it avoided an open and painful bankruptcy, like other nations experienced. The object of this paper is to propose a methodology to tackle the public debt of Greece, under conditions of uncertainty and in light of the negotiations with its partners and lenders. The proposal does not include the writing off of mo.. View More»
  DOI: 10.4172/2332-0761.1000167

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